🏦 Fed Proposes “Skinny Master Accounts” for Crypto and Fintech Firms
According to crypto journalist Eleanor Terrett, the Federal Reserve has proposed a “skinny master account” framework that could allow eligible crypto and fintech firms to access the Fed’s payment system for clearing and settlement.
The Fed also asked regional Reserve Banks to pause decisions on new Tier 3 account applications through December 2026 to promote consistency before the final framework is implemented. Most crypto firms are classified as Tier 3 institutions. #macro
According to crypto journalist Eleanor Terrett, the Federal Reserve has proposed a “skinny master account” framework that could allow eligible crypto and fintech firms to access the Fed’s payment system for clearing and settlement.
The Fed also asked regional Reserve Banks to pause decisions on new Tier 3 account applications through December 2026 to promote consistency before the final framework is implemented. Most crypto firms are classified as Tier 3 institutions. #macro
🕵️ Is Garrett back?
A wallet linked to Garrett moved massive funds:
• Deposited $39.5M $USDC into Binance
• Withdrew $40M $USDC from Binance into a previously dormant wallet
• Deposited $10M $USDC into HyperLiquid
• Bought 42,524 $HYPE worth $2.3M
• Opened a 504.4 $BTC (5x) long position valued at $39M
The wallet still holds $30M onchain and will likely deposit into HyperLiquid.
A wallet linked to Garrett moved massive funds:
• Deposited $39.5M $USDC into Binance
• Withdrew $40M $USDC from Binance into a previously dormant wallet
• Deposited $10M $USDC into HyperLiquid
• Bought 42,524 $HYPE worth $2.3M
• Opened a 504.4 $BTC (5x) long position valued at $39M
The wallet still holds $30M onchain and will likely deposit into HyperLiquid.
🤔 CZ: I Still Don't See Anything That Can Replace Bitcoin Today
Binance founder CZ told the Crypto Banter podcast he still spends 80% to 90% of his time on blockchain. He believes Bitcoin maintains its dominance with no current replacements.
Addressing the lack of killer apps, CZ noted that 15 years of heavy government suppression killed many apps before they could grow. He predicts micro-payments for future AI agents will absolutely rely on blockchain, either via Bitcoin L2s or centralized enterprise chains.
Binance founder CZ told the Crypto Banter podcast he still spends 80% to 90% of his time on blockchain. He believes Bitcoin maintains its dominance with no current replacements.
Addressing the lack of killer apps, CZ noted that 15 years of heavy government suppression killed many apps before they could grow. He predicts micro-payments for future AI agents will absolutely rely on blockchain, either via Bitcoin L2s or centralized enterprise chains.
🕵️ Grayscale is buying $HYPE!
Grayscale already filed the S-1 registration statement for the $HYPE ETF in January.
Over the past week, two wallets linked to Grayscale bought 510,387 $HYPE for $24.95M and staked it. #etf
Grayscale already filed the S-1 registration statement for the $HYPE ETF in January.
Over the past week, two wallets linked to Grayscale bought 510,387 $HYPE for $24.95M and staked it. #etf
📊 Peter Schiff Slams STRC as A Ponzi Scheme?
On May 13, 2026, Peter Schiff, Chief Economist at Euro Pacific Asset Management and a long-time Bitcoin critic, claimed in a Cointelegraph interview that Michael Saylor’s STRC operation resembles a Ponzi scheme. He emphasized that legitimate finance depends on earnings to repay debt, and if Saylor does not sell Bitcoin, he must seek new capital from investors to meet existing obligations.
Schiff noted that if Saylor were to sell Bitcoin to cover the 11.5% interest, it could crash the market. Conversely, if he is compelled to liquidate during a downturn to repay debt, it would lead to significant principal losses.
On May 13, 2026, Peter Schiff, Chief Economist at Euro Pacific Asset Management and a long-time Bitcoin critic, claimed in a Cointelegraph interview that Michael Saylor’s STRC operation resembles a Ponzi scheme. He emphasized that legitimate finance depends on earnings to repay debt, and if Saylor does not sell Bitcoin, he must seek new capital from investors to meet existing obligations.
Schiff noted that if Saylor were to sell Bitcoin to cover the 11.5% interest, it could crash the market. Conversely, if he is compelled to liquidate during a downturn to repay debt, it would lead to significant principal losses.
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🗽 Coinbase Uses AI to Reduce Account Restriction Resolution Time by 90%
Coinbase CEO Brian Armstrong announced that the company is leveraging AI to enhance its compliance processes, resulting in a 90% reduction in the time needed to lift account restrictions. AI now manages most repetitive tasks, allowing human employees to focus on verification, security, and higher-level decision-making. #regulation
Coinbase CEO Brian Armstrong announced that the company is leveraging AI to enhance its compliance processes, resulting in a 90% reduction in the time needed to lift account restrictions. AI now manages most repetitive tasks, allowing human employees to focus on verification, security, and higher-level decision-making. #regulation
🕵️ a16z-Backed Syndicate Labs Is Winding Down
Syndicate, an on-chain development startup backed by a16z, will shut down after five years of operation. The decision comes due to a fundamental shift in the Rollup market and a significant contraction in market size, and it is not related to the recent cross-chain bridge exploit. Syndicate had raised over $27 million in funding. #hack
Syndicate, an on-chain development startup backed by a16z, will shut down after five years of operation. The decision comes due to a fundamental shift in the Rollup market and a significant contraction in market size, and it is not related to the recent cross-chain bridge exploit. Syndicate had raised over $27 million in funding. #hack
🇺🇸🔮 Polymarket applies for approval to offer express bets on sports events contracts in the United States.
Bitcoin Magazine
Remember SOLANA Summer 2021 Hyperliquid Summer
Remember SOLANA Summer 2021 after SOL broke 50$
Hyperliquid Summer
Hyperliquid Summer
📊 According to SoSoValue data, on May 20 (ET), Bitcoin spot ETFs recorded a total net outflow of $70.47 million, extending their streak of net outflows to four consecutive days.
Ethereum spot ETFs recorded a total net outflow of $28.14 million, marking eight consecutive days of net outflows.
Ethereum spot ETFs recorded a total net outflow of $28.14 million, marking eight consecutive days of net outflows.
🏴☠️ The Attorney General of Missouri has filed a lawsuit against the cryptocurrency ATM operator CoinFlip for "aiding fraud." #regulation
Forwarded from VIPInside
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